RARA ELECTRONICS COMPANY-Introduction

THE CEO's MESSAGE AND CORPORATE
INTRODUCTION

This year, 2007, marks RARA's nineteenth year of business. With a combined effort from all the RARA teams and our international agents, we have made solid, steady progress as a high power resistor manufacturer. This year we are ensuring that our entire product line will eventually conform to RoHS/WEEE guidelines.

Through our network of licensed agents, RARA is already exporting to almost every continent. To understand how RARA has grown so fast, in a highly competitive global marketplace, you must understand our business practices. We are committed to: the production of high quality products, an ongoing R&D program, unparalleled customer service, a conscientious attitude toward our environment and a positive workplace for our employees.

RARA will continue to offer state-of-the-art products at reasonable costs and maintain it’s program of product development to best suit our customers.

With best regards,

Mr. Sang Gon Kim, President

March 3^rd, 2007

CORPORATE INTRODUCTION

Capital: Initial capital invested at the founding of the
company was KRW500,000,000.

Staff: RARA currently employs thirty-one people,
comprising line workers and managerial staff.

Products: RARA's main products fall into six main groups:
-high power, metal clad, wire wound
-power film
-RF
-current sensing
-precision
-high voltage
-high power

Sales: Total sales for 2006:
-domestic: KRW1,480,000,000
-foreign: USD1,060,000

Reference Bank:
RARA's reference bank is:
The Industrial Bank of Korea,
Yonsu-Dong branch, Inchon, South Korea.
Acct. #: 381-011672-01-014
Depositor: RARA Electronics Corporation
Swift Code: IBKO KRSE